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2021 Advanced Estate Planning and Fiduciary Law Survey Course

8:55        Welcome and Introductions

9:00        Refashioning Irrevocable Trusts

Elizabeth K. Arias, Womble Bond Dickinson (U.S.) LLP, Raleigh

With the adoption of the Uniform Trust Code and the Uniform Trust Decanting Act, irrevocable trusts rarely are truly irrevocable. Review the various statutory provisions that permit the modification of irrevocable trusts and when the provisions may be available for use by the trustee and/or beneficiaries. Then walk through the process for using the applicable statutory provisions and virtual representation. These topics are even more relevant now in an advanced planning landscape where the focus has often shifted away from transfer tax planning.

10:00      Break

10:10      Federal Income Taxation of Trusts

Sherwood C. "Chris" Henderson, White & Allen PA, New Bern

Never before has the income taxation of trusts been more important to the advanced estate planner. Dive into the taxation of grantor and non-grantor trusts in a world where income tax planning is often more pertinent than transfer tax planning.

11:10      Break

11:20      Charitable Giving

C. Barton "Bart" Landess, Catawba Lands Conservancy, Charlotte

There are many options available to clients with charitable planning goals. However, certain strategies may be affected by the new tax law and the current interest rate environment, and others have been subject to increased IRS scrutiny. Private foundations and donor-advised funds are increasingly popular, but there are potential downsides to each. During this session, explore the various charitable planning tools and review charitable planning opportunities in the current environment.

12:20      Lunch Break

12:50      Will Caveats

Stephen J. "Steve" Grabenstein, The Van Winkle Law Firm, Asheville

Following a discussion of probating wills in common form and solemn form, hear about the procedural and substantive legal issues that arise in the context of a will caveat.

1:50        Break

2:00        Asset Protection for Estate Planners

David T. Lewis, Johnston Allison & Hord PA, Charlotte
Holly B. Norvell, Johnston Allison & Hord PA, Charlotte

This in-depth presentation addresses why the estate planner is uniquely positioned to offer asset protection services and provides specific North Carolina asset protection techniques to add to the estate planner’s toolbox. The discussion presents client case studies and examines federal bankruptcy law and North Carolina state exemptions in the context of planning opportunities. For the experienced asset protection planner, recent case law and emerging trends in domestic asset protection law are discussed with a view toward practical application.

3:00        Break

3:10        Basis Planning

Elinor J. "Elie" Foy, Womble Bond Dickinson (U.S.) LLP, Raleigh

Basis planning is the new black in estate planning. Under the new tax law, very few clients are going to be impacted by transfer taxes. Learn how the higher transfer tax exemption levels provide opportunities for basis planning that clients should be able to expect from advanced estate planners.

4:10        Adjourn


Description

Designed as a survey for individuals who practice routinely in the area of estate planning and have several years of prior experience, this program addresses a series of advanced topics, presented by estate planning practitioners.

Contributors

  • Elizabeth K. Arias

    Elizabeth K. Arias, Womble Bond Dickinson (U.S.) LLP, Raleigh

    Click here for more information about Elizabeth.

  • Charles E. "Charlie" Davis III

    Charles E. "Charlie" Davis III, Poyner Spruill LLP, Raleigh

    Click here for more information about Charlie.

  • Elinor J "Elie" Foy

    Elinor J "Elie" Foy is an attorney with Womble Bond Dickinson (US) LLP. She practices in the areas of estate planning, wealth preservation, estate and trust administration, and tax-exempt organizations. Ms. Foy advises clients of the impact of estate, gift and generation-skipping transfer taxes on various transactions. She also assists and advises tax-exempt clients on various tax issues. Ms. Foy is a Certified Specialist in Estate Planning and Probate Law by the North Carolina State Bar Board of Legal Specialization. She is a member of the North Carolina and Wake County Bar Associations, 10th Judicial Bar and Wake County Estate Planning Council.

    Ms. Foy received her B.A. degree in English and History from the University of North Carolina at Chapel Hill and her J.D. degree from the Wake Forest University School of Law. She received her LL.M. degree in taxation, with distinction, from Georgetown University Law Center in Washington, DC.

    Click here for more information about Elizabeth.

  • Stephen J. "Steve" Grabenstein

    Stephen J. "Steve" Grabenstein, The Van Winkle Law Firm, Asheville

    Click here for more information about Steve.

  • Sherwood C. "Chris" Henderson

    Sherwood C. "Chris" Henderson, White & Allen PA, New Bern

    Click here for more information about Chris.

  • Marc W. Ingersoll

    Marc W. Ingersoll, Ingersoll Firm PLLC, Winston-Salem

    Click here for more information about Marc.

  • C. Barton "Bart" Landess

    C. Barton "Bart" Landess, Catawba Lands Conservancy, Charlotte

    Click here for more information about Bart.

  • David T. Lewis

    David T. Lewis, Johnston Allison & Hord PA, Charlotte

    Click here for more information about David.

  • Holly B. Norvell

    Holly B. Norvell, Johnston Allison & Hord PA, Charlotte

    Click here for more information about Holly.

March 18, 2021
Thu 8:55 AM EDT

Duration 7H 15M

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